Hillary is Running: A Dispatch from the Saban Forum

(must read this. The video tribute to Killary had people like Ehud Barak, Tony Blair and Henry Kissinger singing her praises. Remnick makes mention of the video below. You can see it for yourself, here (second video from the top))

by David Remnick, the New Yorker

Hillary Clinton is running for President. And the Israeli political class is a full-blown train wreck. These are two conclusions, for whatever they are worth, based on a three-day conference I attended this weekend at the annual Saban Forum, in Washington, D.C.

Continue reading

Sermon on the Gridiron: Billionaire Bloomberg’s Gun Control Message Becomes Ham-handed Halftime Show Moralizing

by Scott Creighton

UPDATE: In an earlier version of this article, I erroneously wrote that Bob Costas lives and works in Manhattan. A reader, JH,  emailed me that he actually lives in St. Louis and flies to various studio/sporting events. He was born in Manhattan.

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Sports writer Jason Whitlock leaped into the world of social reform propaganda yesterday when he wrote about a football player from the Kansas City Chiefs who shot his girlfriend and then drove to his coach’s office to thank him and finally kill himself.

Leave it to Bob Costas to totally miss the main point of the Whitlock article and focus entirely on Whitlock’s sophomoric gun control message instead, surely knowing that it would please the billionaire Pharaoh for life in New York, Michael Bloomberg. Costas is from Manhattan.

Continue reading

The Bank is the Landlord

30 year bond market and rental bubble is now being bundled and packaged by entities like KKR, Blackstone Group and the Carlyle Group; as they say in the video below, this is a sure sign that the bubble is almost finished.

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Secretary of State Favorite Has Major Stake in Canadian Tar Sands

from Truth Out

It turns out that Susan Rice, President Obama’s apparent favorite for the next secretary of state, has financial investments in more than a dozen Canadian oil companies and banks that stand to profit from the growth of the North American tar sands industry and the operation of the proposed multibillion-dollar Keystone XL pipeline.

If Rice gets the job, Scott Dodd at OnEarth writes, one of her “first duties likely would be consideration, and potentially approval, of the controversial mega-project.”

Rice’s investments should raise concerns about her ability to oversee the permission of the project uninfluenced by personal financial interest. She holds between $300,000 and $600,000 worth of stock in TransCanada, the company vying for the permit to transport the crude from Canada to the Texas coast.

Roughly one-third of Rice’s personal net worth sits in “oil producers, pipeline operators, and related energy industries north of the 49th parallel—including companies with poor environmental and safety records on both U.S. and Canadian soil.” With her husband, she owns $1.25 million worth of stock in leading Canadian oil producers, and smaller stakes in several other Canadian energy companies.

[read the rest, here]

A Second Wave of Genocide Looms in Congo, with Susan Rice on Point

by Glen Ford, Black Agenda Report

The invasion of the Democratic Republic of Congo by U.S. allies Rwanda and Uganda, in 1996, set in motion a genocide that left six million Congolese dead. Another wave of mass killings now looms with this month’s capture of Goma, an eastern Congolese city of one million, by “rebels” under Rwandan and Ugandan control. “People need to be clear who we are fighting in the Congo,” said Kambale Musavuli, of Friends of Congo. “We are fighting western powers, the United States and the United Kingdom, who are arming, training and equipping the Rwandan and Ugandan militaries.” The main player in suppressing information on Congo’s neighbors’ role in the ongoing genocide, is U.S. ambassador to the UN Susan Rice.

Rice has fought a two-front battle to protect Washington’s murderous clients, delaying publication of a UN Group of Experts report on Washington’s clients’ depredations in Congo, and at the same time subverting efforts within the State Department to rein in Uganda and Rwanda. Last week, Rice blocked the UN Security Council from explicitly demanding that Rwanda immediately cease providing support to M23 rebels who vowed to march all the way to Kinshasa, the Congolese capital.

Susan Rice has abetted the Congo genocide for much of her political career. Appointed to President Bill Clinton’s National Security Council in 1993, at age 28, she rose to assistant secretary of state for African affairs in 1997 as Rwanda and Uganda were swarming across the eastern Congo, seizing control of mineral resources amid a sea of blood. She is known to be personally close to Rwanda’s minority Tutsi leadership, including President Paul Kagame, a ruthless soldier trained at the U.S. Army’s Command and General Staff College at Fort Leavenworth, Kansas, and mentored by Ugandan strongman (and Reagan administration favorite) Yoweri Museveni, who is believed to have pioneered the use of child soldiers in modern African conflicts.

[read the rest, here]

As Companies Seek Tax Deals, Governments Pay High Price (81+Billion Dollars a Year)

from the New York Times

… A Times investigation has examined and tallied thousands of local incentives granted nationwide and has found that states, counties and cities are giving up more than $80 billion each year to companies. The beneficiaries come from virtually every corner of the corporate world, encompassing oil and coal conglomerates, technology and entertainment companies, banks and big-box retail chains.

The cost of the awards is certainly far higher. A full accounting, The Times discovered, is not possible because the incentives are granted by thousands of government agencies and officials, and many do not know the value of all their awards. Nor do they know if the money was worth it because they rarely track how many jobs are created. Even where officials do track incentives, they acknowledge that it is impossible to know whether the jobs would have been created without the aid…

…The Times analyzed more than 150,000 awards and created a searchable database of incentive spending. The survey was supplemented by interviews with more than 100 officials in government and business organizations as well as corporate executives and consultants.

[read the rest, here]

UBS Is Reported to Be Near a Deal on Rate Rigging

By BEN PROTESS and MARK SCOTT  from the New York Times

UBS, the Swiss banking giant, is close to reaching settlements with American and British authorities over the manipulation of interest rates, the latest case in a multiyear investigation that has rattled the financial industry and spurred a public outcry for broad reform.

UBS is expected to pay more than $450 million to settle claims that some employees reported false rates to increase the bank’s profit, according to officials briefed on the matter who spoke on the condition of anonymity because the talks were private.

If the bank agrees to the deals with various authorities, the collective penalties would yield the largest total fines to date related to the rate-rigging inquiry and would increase the likelihood that other financial institutions would face stiff penalties. Authorities dealt their first blow in the rate-rigging case in June when the British bank Barclays agreed to a $450 million settlement.

[read the rest, here]

Bank of America mortgage fraud with Max Keiser

Notice in this interview, they talk about the slight turn around in the housing market being linked to “large block buyers”. What that means is, large groups like hedge funds and other LLCs are buying up the foreclosed on homes and converting them into rentals. This is happening on a rather massive scale.

Another aspect of note is their claim that instead of fixing the fraudulent actions and the system which permitted it to take place, and then profit from it (robo signing for instance), instead they have determined it to be “the new normal”, it’s now part and parcel of the status quo.

In this edition of the show Max interviews Aaron Krowne from ml-implode.com. He talks about the latest in mortgage lending fraud and Bank of America and JP Morgan’s role in forgiving debts already discharged in bankruptcy in order to claim credit.

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